Friday, 12 October 2001.
Type: Tracker mortgage.
Tracker term: Term of loan.
Tracker rate: LIBOR plus 3.5 per cent.
Minimum loan: £10,000.
Maximum loan: Up to 95 per cent of valuation subject to a maximum
Income multiples: 3.75 times principal income plus second or 3.25
Arrangement fee: 1 per cent subject to a minimum of £495, maximum
Redemption fee: Five months' interest in year one, four
months' in year two, three months' in year
three, two months' in year four, one month's
Conditions: Maximum four months' arrears none in last
six months, any number of CCJs subject to a maximum of £4,000
none in last six months.
Introducer's fee: 0.75 per cent subject to a minimum of
£350, maximum £1,000.
Tel: 0800 3891221.